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tax day

Is Tax Day a Holiday?

Tuesday, April 9th, 2024

Every new year begins with Americans receiving documents like W-2 and 1099 forms in the mail, kicking off tax season. While tax day is not a holiday in the traditional sense, you may still have it circled on your calendar – especially if you...

tax season

Tax Season Tips for Small Businesses

Wednesday, March 13th, 2024

As tax day draws closer, small business owners, freelancers and independent contractors are gearing up for a daunting time of the year. You can confidently manage tax season by arming yourself with sensible strategies and knowledge. Here are 10 tips that can help you...

this year's tax deadlines

This Year’s Tax Deadlines

Monday, February 26th, 2024

Freelancers, solopreneurs, small business owners and other self-employed people face a unique set of challenges – especially when managing their taxes. Unlike employees whose employers handle tax withholdings, self-employed people must make estimated tax payments four times throughout the year. You should understand this...

TurboTax vs. CPA

TurboTax vs. CPA

Friday, August 25th, 2023

Time and money are the most precious resources for small business owners, sole proprietors and gig economy workers. When tax time rolls around again, it can be tempting to take a DIY approach with software like TurboTax. However, that method can expose you to...

income tax brackets 2022

Income Tax Brackets 2022

Friday, September 23rd, 2022

Each year, the IRS adjusts tax provisions to sync with economic changes. When tax time rolls around, you’ll want to know where you fall in income tax brackets, as well as how inflation interacts with your bracket, credits and deductions. You’ll also want to...

Tax Evasion Vs. Tax Avoidance

Thursday, September 15th, 2022

As all of us know, taxes are one of the unavoidable facts of life. So what happens when they’re not paid? You might have heard the terms “tax evasion” and “tax avoidance”. Despite sounding similar, these terms mean two completely different things, and can...

what is an audit

What Is an Audit?

Wednesday, August 24th, 2022

The IRS conducts financial audits to ensure businesses and individual taxpayers report their information correctly, according to current tax laws. Selection for an audit does not always mean there is a problem or mistake with your filing. Sometimes, the IRS identifies returns to audit...

phone scam

IRS Phone Scams

Wednesday, July 6th, 2022

Most taxpayers are understandably wary of learning there may be a problem with their annual tax return. Preying on this vulnerability, some criminals have developed phone scams in which they pretend to be IRS agents in hopes of stealing money or valuable information from...